BPCL trade ideas
NSE:BPCL Sell For 16 Nov 2018NSE:BPCL sell initiate for 16 Nov 2018 using 1 hour chart based on Fibonacci levels,
check below Sell level :
Sell Below : 302.15
Stop Loss : 311.65
Target : 293.9
BPCL- Possible correction in downtrendThere is correction and price action will go up According to elliott wave theory. Consider to check it out
Enter Short on BPCL for the month of AUG...Hi Friends,
Please see the snapshot its a clear down trend began for BPCL ----
Try to BUY PE's I expect it to go down below 320 BY EOD of AUG and continue to go down even more in SEPT..
#BPCL breakingLooks like bad scene BPCL. Im out of it. Making lower lows...Will break 370 and then go down to 350/340 levels.
Will be a good sell at around 380 and wait till it breaks.
BPCLBPCL 1Hour Chart Formed Descending Channel wedge.
Retested successfully.
Buy Target 1: 520
Target 2: 540
BPCLThis has been moving in a channel. The stock personality of 200D EMA could not be sustained, currently on 300D EMA formed a harami pattern. A reversal can be expected from 365D EMA.
BPCL Theta Decay tradeNR Decay trade
BPCL is trading at 524
BPCL 510 PE @ 7.30
BPCL 540 CE @ 8.05
Initial credit 15.35
Breakeven 494.64 and 555.35
#BUY SETUP #BPCLDAILY FINANCIAL WISDOM: Amateur traders focus on rewards. Professional traders focus on risk..
(All signals for educational purposes only)
BPCL FLAG BREAKOUT!!!MARKET ANALYSIS: The pair has broken the flag resistance level. Once the market retest the support zone we can enter a long trade setup. Cheers!
